Answered: Given selling price is $20 per unit,…

Given selling price is $20 per unit, fixed costs are $3 per unit, and profit per unit is $1, What is the contribution per unit? $4 $19 $1.25 $17 What is the answer?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Given selling price is $20 per unit, fixed costs are $3 per unit, and profit per unit is $1, What is the contribution per unit?

$4
$19
$1.25
$17

What is the answer?

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